After Hours
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Recently, Yahoo Finance discussed the stock, revealing that Cenovus to webcast Investor Day 2024.
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Stocks Info
CVE belongs to the Energy sector of the NYSE while operating in the Oil & Gas Integrated industry. The current market capitalization of Cenovus Energy Inc is $33.56B. A total of 8.69 million shares were traded on the day, compared to an average of 12.24M shares.
Dividend
Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Cenovus Energy Inc pays an annual dividend of $0.39, resulting in a dividend yield of 2.18%, and it has a price to earnings (P/E) ratio of 11.37. CVE’s most recent ex-dividend date was 3/14/2024 when it declared a $0.1033 quarterly dividend that was paid in cash on 3/28/2024. Previously, the company paid the dividend on 12/29/2023 with an ex-dividend date of 12/14/2023. The CVE stock dividend was $0.1008 per share in cash.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, CVE has a high of $21.37 and a low of $14.69.
As of this writing, CVE has an earnings estimate of $0.34 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.37 per share and a lower estimate of $0.33. The company reported an EPS of $0.72 in the last quarter, which was -4.00% lower than expectations of $0.75.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. CVE’s latest balance sheet shows that the firm has $2.87B in Cash & Short Term Investments as of fiscal 2021. There were $15.42B in debt and $7.30B in liabilities at the time. Its Book Value Per Share was $11.42, while its Total Shareholder’s Equity was $23.61B.
Analysts Opinion
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CVE is Buy with a score of 4.85.
